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ISMAG’s Gubert Promotes Voluntary Corporate Actions Standardisation and a “Bottom up” Approach in Europe
Earlier this year the International Securities Market Advisory Group (ISMAG) released its Operational Market Practice Book, which details the roles and responsibilities of the participants in the end to end corporate actions chain. John Gubert, chairman of the association, explained at this week’s Association for Financial Markets in Europe (AFME) seminar why his association has taken…
ISSA’s Gnepf Highlights Issuer Outreach Programme for Promotion of its Nine Corporate Actions Principles
Following the development of its nine principles for corporate actions best practices last year, the International Securities Services Association (ISSA) is now engaged in an issuer and issuer agent market outreach programme to promote these principles. Speaking at yesterday’s corporate actions seminar organised by the Association for Financial Markets in Europe (AFME), Peter Gnepf, secretariat…
Standardisation of Issuer Announcements and Key Dates are Central to Tackling Corporate Actions Efficiency, Says AFME’s Frey
The two key success factors to effectively tackling the basic inefficiencies of the corporate actions space are ensuring that issuer announcements are submitted in a standardised format and that corporate actions events are compliant with key dates and these are in the correct sequence, said Werner Frey, managing director of the Association for Financial Markets…
Bloomberg Launches Malaysian Foreign Currency Sukuk Index
Bloomberg executives today announced the launch of the Bloomberg Malaysian Foreign Currency Sukuk Index (BMSSUTR), a non-ringgit denominated index developed in conjunction with Bank Negara Malaysia. The new Bloomberg index provides a global benchmark for the performance of sukuk bonds and the ability to track movements of foreign currency issues. “The Islamic financial marketplace is…
Markit Launches Markit iBoxx European Abs Index
Markit, a leading, global financial information services company, today announced the launch of the Markit iBoxx European ABS index, a cash bond index designed to track the performance of the European floating-rate asset backed securities (ABS) market. The Markit iBoxx European ABS index provides investors with a benchmark to assess returns available on European ABS…
Pricing Partners Delivers Models for Stochastic Dividends
Pricing Partners announced today that its derivatives pricing library, Price-it library, now contains models for stochastic dividends. Products on dividends, like options on non accrued Euro Stoxx 50 dividends, were actively promoted by Eurex for the two consecutive years. Indeed, the current crisis pushed derivatives towards simplicity in terms of payoff, meanwhile, introduced new underlyings….
BNY Mellon Extends Hedge Fund Middle Office Platform to North America and Asia
BNY Mellon, the global leader in investment management and investment services, has announced a global expansion of its middle office outsourcing service for hedge funds, extending what was largely a Europe-only offering and rolling it out to select clients and prospects in North America and Asia. Building on its Dublin-based operation over the past 12…
Deutsche Börse Introduces New Benchmark for Interest Rate Swaps
Deutsche Börse – Market Data & Analytics is expanding its range of information products with “Eurex ICAP Swap Spreads”. The new data product, which aims to serve as a neutral benchmark for Euro interest rate swaps, was developed jointly with interdealer broker ICAP. Eurex ICAP Swap Spreads provides yield spreads between exchange-traded futures and interest…
Safer Data Handling Tops Boardroom Agenda In The Age Of The Mobile Device
Thomson Reuters Governance, Risk and Compliance, announced today that it is launching BoardLink, a secure portal for the online exchange and execution of board business, such as compiling and sharing board books, to companies in Europe, the Middle East and Africa. Companies around the globe face increasing challenges when it comes to handling sensitive data,…
Broadridge Launches New Informational Micro-Site for Issuers
Broadridge Financial Solutions, Inc. announced today that its Investor Communication Solutions business in Canada has launched its informational micro-site, “Charting the Course.” This new web site is yet another example of Broadridge’s continued commitment to education and the exchange of balanced information within the capital markets community. The site features an extensive collection of regulatory…